Gujarat CM links IS suspect to Ahmed Patel; Cong leader rubbishes charge

Agencies
October 28, 2017

Gandhinagar/New Delhi, Oct 28: Gujarat Chief Minister Vijay Rupani on Friday night demanded resignation of Congress veteran Ahmed Patel from the Rajya Sabha alleging his possible links to a suspected terrorist arrested earlier in the week from his home district of Bharuch. Ahmed Patel rubbished the charge.

Rupani, who also sought Congress Vice President Rahul Gandhi's clarification on the matter, was referring to Mohammed Qasim Stimberwala, one of the two alleged IS operatives arrested by the Gujarat Anti-Terrorist Squad from Surat on Wednesday.

Stimberwala had resigned recently as an eco-cardiogram technician in the Sardar Patel Hospital and Heart Institute in Ankleshwar, which Patel had helped grow into a modern facility.

Patel was one of the trustees during the hospital's formative years as a modern hospital and the only one in the entire Bharuch district with latest equipment and technology with facilities for heart surgery. He had resigned as a trustee in 2014 facilitating a new board of trustees to take over the facility.

The ATS, which picked up Stimberwala and Ubed Ahmed Mirza, claimed that they were planning to attack a Jewish synagogue in Khadia area of Ahmedabad and had even carried out reconnaissance of their target.

While Mirza was a practicing lawyer at the Surat district court, Stimberwala worked as a technician at the Ankleshwar hospital.

Rupani told reporters at the 9.30 p.m. press conference, which was delayed by more than three hours, that Stimberwala, caught by Intelligence Bureau and security agencies, was working at a Bharuch hospital where Patel had been a trustee and though resigning after UPA lost power, "still oversees in the working of the hospital".

The hospital's website has a list of eight trustees but Patel's name does not figure in the list.

Rupani claimed that the "arrest of a person working in a hospital where Ahmed Patel was a patron gave rise to several questions as how did a terrorist get a job in a hospital having close links with Ahmed Patel? Who got him the job? Whether he was aware of their activities?"

"The questions arise because the terrorist had resigned or was to quit just two days ahead of his arrest. This arouses suspicion. We are not levying any allegations but we just want Patel and Congress to clarify. If people are convinced, then it is ok," he said.

He went on to say that if the terrorists had not been caught, they would have carried out planned attacks on "Hindu religious heads and Jewish synagogue". The ATS however has mentioned only a Jewish synagogue during its investigations and no Hindu religious heads, as Rupani alleged.

Ahmed Patel, in a series of tweets, said the allegations by the BJP were completely baseless.

"My party and I appreciate the ATS's effort to nab the two terrorists. I demand strict and speedy action against them.

"We request that matters of national security should not be politicised keeping elections in mind," he said and also urged: "Let's not divide peace loving Gujaratis while fighting terrorism."

One of the trustees, Jayesh Patel, clarified that Stimberwala had joined the hospital six months ago, after having worked with Wockhardt and a couple of other hospitals.

"He had resigned on October 4 and relieved on October 24 according to his service conditions. He had said that he was leaving due to a better opportunity," he said.

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News Network
May 9,2020

New Delhi, May 9: The Trinamool Congress on Saturday responded to Union home minister Amit Shah’s charge that the Mamata Banerjee-led West Bengal government is not facilitating the movement of stranded migrant workers.

Amit Shah has written to West Bengal chief minister Mamata Banerjee, saying her government is doing “injustice” to migrant workers by not allowing the special Shramik trains to reach the state.

“Union home minister Amit Shah speaks after weeks of silence only to mislead people with lies,” the TMC’s Abhishek Banerjee was quoted as saying by news agency PTI.

“The Centre is lying… West Bengal is running 711 camps for migrants in the state. We are taking good care of them,” Abhishek Banerjee, who is also the chief minister’s nephew, said.

Amit Shah had pointed out in his letter that the Centre was not receiving the “expected support” from the state government in helping stranded migrant workers from West Bengal.

“West Bengal government is not allowing trains with migrants reaching the state. This is injustice with WB migrant labourers. This will create further hardship for them,” Amit Shah had said in his letter to Mamata Banerjee.

The issue of migrant workers is the latest flashpoint between the Centre and the West Bengal government amid a row over the state’s efforts to control the coronavirus disease (Covid-19).

The Centre and the state have exchanged allegations over the criteria for reporting deaths from the infection, and while While Bengal says the Centre is trying to politicise a public health crisis, the Union government maintains that state officials are ignoring repeated warnings to step up the fight against the disease.

Federal officials have said that the region has not conducted adequate tests and that there has been mismanagement over identifying hotspots and containing them.

Union home secretary Ajay Bhalla also slammed the state government for a very low rate of testing and high rate of mortality, 13.2%, by far the highest for any state.

The Centre has also accused the state government of not allowing cross-border movement of goods trucks to Bangladesh.

There are 1,678 Covid-19 cases and 160 deaths in West Bengal until Saturday morning.

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News Network
February 28,2020

Feb 28: The best economic tonic for the coronavirus shock is to contain its spread and worry about stimulus later, said Raghuram Rajan, former head of the Reserve Bank of India.

There’s little central banks can do, and while more government spending would help, the priority should be on convincing companies and households that the virus is under control, he said.

“People want to have a sense that there is a limit to the spread of this virus perhaps because of containment measures or because there is hope that some kind of viral solution can be found,” Rajan told Bloomberg Television’s Haidi Stroud Watts and Shery Ahn.

“At this point I would say the best thing that governments can do is to really fight the epidemic rather than worry about stimulus measures that comes later,” said Rajan, who is currently a professor at the Chicago Booth School of Business.

The spread of coronavirus is pushing the world economy toward its worst performance since the financial crisis more than a decade ago.

Bank of America Corp. economists warned clients Thursday that they now expect 2.8% global growth this year, the weakest since 2009.

“We have moved from extreme confidence in markets to extreme panic, all in the space of one week,” said Rajan, who previously was chief economist at the International Monetary Fund.

The virus outbreak will force companies to rethink supply chains and overseas production facilities, he said.

“I think we will see a lot of rethinking on this, coming on the back of the trade disruption, now we have this,” Rajan said. “Globalization in production is going to be hit quite badly.”

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News Network
March 6,2020

New Delhi, Mar 6: As panicky depositors rushed to withdraw money from Yes Bank whose control was seized by the RBI in a dramatic late-night move, Finance Minister Nirmala Sitharaman on Friday assured depositors that their money is safe and said the central bank was working for an early resolution of the crisis.

The Reserve Bank of India (RBI) on Thursday evening capped withdrawals at Rs 50,000 for the next one month and imposed strict limits on operations at the country's fourth-largest private lender that faced "regular outflow of liquidity" after an effort to raise new capital failed.

"I am in continuous interaction with the RBI. The RBI is fully seized of the matter and has assured they will give a quick resolution," Sitharaman said here.

She said no depositor will lose his or her money and insisted that the immediate priority is to ensure Yes Bank customers are able to withdraw money within the stipulated cap.

"I want to assure every depositor that their money shall be safe. Their monies are safe," she said. "I am constantly in contact with the RBI and the steps that are taken are taken in the interest of depositors, banks and economy. We are fully seized of the development."

She was talking to reporters after meeting State Bank of India (SBI) Chairman Rajnish Kumar. On Thursday, the SBI board gave its "in-principle" approval to exploring investment opportunities in Yes Bank.

"So I repeat, the depositors can be assured that their money is safe," she said.

Soon after the RBI takeover, depositors thronged Yes Bank ATMs to withdraw money and police had to be deployed in some places to control the crowds.

Yes Bank has 1,000 branches across the country.

Refusing to elaborate on her meeting with the SBI chairman, the minister said that "was on a completely different matter".

"RBI governor has given me assurance that there will be an appropriate resolution soon. No depositor will lose (money)," she said. "Reserve Bank has taken cognizance of the problem."

The central bank, she said, has gone through the "process over and over again to find out an amicable solution".

"And that has been over the last couple of months. So it is not as if they have come in suddenly now. We have been monitoring the situation," she said adding the RBI has appointed an administrator who previously was with the SBI.

"Both the RBI and the government are looking at this with all the details before them, not just today. I have personally monitored the situation over the last couple of months with the RBI. Therefore we have taken a course which will be in everybody's interest," she added.

Yes Bank had been seeking new capital since last year to bolster its ratios and quell questions about its stability due to its exposure to the non-banking finance industry entangled in a prolonged crunch in the local credit market.

The SBI chairman said the resolution to the Yes Bank crisis will come "very shortly".

"This is not a sectoral problem. It is a bank-specific problem," he said. "The RBI will take all steps to ensure financial stability."

On SBI picking up a stake in Yes Bank, he said the lender already has an in-principle approval for doing so.

"If SBI has to pick up a stake in Yes Bank, we have an in-principle approval for that," he said.

Commenting on the crisis at Yes Bank, Alka Anbarasu, Vice President – Senior Credit Officer, Financial Institutions, Moody's Investors Service, said: "RBI's moratorium on Yes Bank is credit negative as it affects timely repayment of bank depositors and creditors."

"While Moody's expects Indian authorities will take steps to prevent the weakness in the bank's viability from significantly impacting its depositors and senior creditors, the lack of a coordinated and timely action highlights continued uncertainty around bank resolutions in India," she said.

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